SHORE BANCSHARES INC (SHBI) Stock Technical Analysis
NASDAQ:SHBI - Nasdaq - US8251071051 - Common Stock - Currency: USD
Taking everything into account, SHBI scores 5 out of 10 in our technical rating. In the last year, SHBI was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
In the last month SHBI has a been trading in the 14.96 - 16.98 range, which is quite wide. It is currently trading near the lows of this range.
The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
When comparing the performance of all stocks over the past year, SHBI turns out to be only a medium performer in the overall market: it outperformed 67% of all stocks.
SHBI is part of the Banks industry. There are 393 other stocks in this industry, SHBI did better than 67% of them.
SHBI is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so SHBI is lagging the market slightly.
SHBI has an average technical rating and it also does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
11.12
16.92
3 important support areas can be observed.
- A support zone ranging from 15.23 to 15.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @12.26 from a trend line in the weekly time frame.
- Support @11.23 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- Resistance @16.75 from a horizontal line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for SHBI is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SHBI is down. |
| ChartMill Relative Strength | 67.27 | NEUTRAL | SHBI is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SHBI is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of SHBI is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SHBI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 38.06 | NEUTRAL | The RSI value for SHBI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.2 | NEGATIVE | The MACD value suggests SHBI has a negative trend. |
| Stochastics (14,3) | 11.54 | OVERSOLD | The low Stochastics value suggests SHBI may be oversold. |
| Average True Range in percent/ATR (20) | 2.84 | MEDIUM VOLATILITY | The ATR as a percentage value for SHBI suggests some volalility. |
| Average Directional Index/ADX (14) | 30.54 | POSITIVE | The high ADX value value for SHBI suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
15.24
-0.27 (-1.74%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-1.74%
1 Week-3.73%
2 Weeks-8.74%
1 Month-8.36%
3 Month6.05%
6 Month-6.79%
12 Month13.48%
2 Year37.55%
3 Year-20%
5 Year56.31%
10 Year57.44%
15 Year57.76%
Volatility
ATR(14)0.47
ATR(20)%2.84%
ATR Inc39.25%
Range Today0.6
ADR(20)0.42
ADR(20)%2.76%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS67.27
Mansfield-0.34
10 Day High16.84
10 Day Low14.96
20 Day High16.98
20 Day Low14.96
52 Week High17.61
52 Week Low11.47
CS1 End15.23
CR1 Start16.75
Volume & EV
DER(3)-0.12%
DER(5)1.24%
Volume195.10K
Volume Incr-16.16%
Vol(5)161.92K
Vol(50)166.19K